September 5 Options Data Bitcoin's price correction has lasted nearly a month, while Ethereum's pullback has persisted for two weeks. Both BTC and ETH have corrected over 10% from their all-time highs, with market sentiment shifting from optimism to pessimism. Weakness in U.S. equities and the WLFI index has intensified market skepticism. Large-block put option trades and their share of total trading volume are rising, with risk aversion now the primary focus. Key option metrics show implied volatility (IV) rebounding significantly. BTC's IV across all terms has recovered to around 40%, while ETH's primary IV remains slightly below 70%, indicating a tug-of-war in IV volatility. Additionally, this month marks the third-quarter delivery month. Historically, September trading has tended to be relatively weak due to various institutional factors such as rollovers and settlements, leading to overall market weakness. The options market, in general, lacks confidence in September's performance.(Greeks.live)